Having multiple function designed into one piece of furniture is always a plus. However, many times this is only observed in interior furniture. But the following piece of external furniture would be perfect for the small patio or terrace.

Designed by Bae Se-hwa, this unit can be used as a love seat, a chair with a side table, or a table with seating for two. I especially love how when using the combination chair and side table, the second chair becomes an off-centered ottoman. Found via MoCoLoco.